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Uranium Energy (UEC) Dips More Than Broader Markets: What You Should Know
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Uranium Energy (UEC - Free Report) closed at $4.14 in the latest trading session, marking a -1.9% move from the prior day. This change lagged the S&P 500's 1.07% loss on the day. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the uranium mining and exploration company had gained 1.69% over the past month, outpacing the Basic Materials sector's loss of 2.95% and the S&P 500's loss of 3.49% in that time.
Investors will be hoping for strength from Uranium Energy as it approaches its next earnings release. On that day, Uranium Energy is projected to report earnings of -$0.01 per share, which would represent no growth from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Uranium Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 66.67% higher. Uranium Energy is currently a Zacks Rank #1 (Strong Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Uranium Energy (UEC) Dips More Than Broader Markets: What You Should Know
Uranium Energy (UEC - Free Report) closed at $4.14 in the latest trading session, marking a -1.9% move from the prior day. This change lagged the S&P 500's 1.07% loss on the day. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the uranium mining and exploration company had gained 1.69% over the past month, outpacing the Basic Materials sector's loss of 2.95% and the S&P 500's loss of 3.49% in that time.
Investors will be hoping for strength from Uranium Energy as it approaches its next earnings release. On that day, Uranium Energy is projected to report earnings of -$0.01 per share, which would represent no growth from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Uranium Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 66.67% higher. Uranium Energy is currently a Zacks Rank #1 (Strong Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.